Vontobel Holding Ltd. Sells 14,823 Shares of The Timken Company (NYSE:TKR)

Vontobel Holding Ltd. decreased its holdings in shares of The Timken Company (NYSE:TKR) by 40.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,791 shares of the industrial products company’s stock after selling 14,823 shares during the quarter. Vontobel Holding Ltd.’s holdings in Timken were worth $1,747,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TKR. Raymond James Financial Services Advisors Inc. increased its position in Timken by 39.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 26,335 shares of the industrial products company’s stock worth $1,599,000 after purchasing an additional 7,408 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Timken by 10.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,312 shares of the industrial products company’s stock worth $444,000 after buying an additional 712 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Timken during the first quarter worth $1,059,000. MetLife Investment Management LLC lifted its stake in shares of Timken by 33.2% in the 1st quarter. MetLife Investment Management LLC now owns 44,547 shares of the industrial products company’s stock valued at $2,704,000 after acquiring an additional 11,093 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Timken by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,300 shares of the industrial products company’s stock valued at $1,536,000 after acquiring an additional 2,412 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TKR. DA Davidson started coverage on Timken in a report on Tuesday, January 23rd. They issued a “buy” rating and a $92.00 target price for the company. Evercore ISI cut Timken from an “outperform” rating to an “in-line” rating and set a $84.00 price target on the stock. in a report on Tuesday, February 20th. The Goldman Sachs Group raised their price objective on shares of Timken from $78.00 to $87.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. StockNews.com lowered shares of Timken from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $100.00 price target (up previously from $97.00) on shares of Timken in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Timken presently has a consensus rating of “Hold” and a consensus price target of $85.90.

Timken Trading Up 1.6 %

TKR opened at $85.51 on Friday. The Timken Company has a twelve month low of $65.71 and a twelve month high of $95.08. The company has a fifty day moving average of $84.93 and a 200-day moving average of $78.95. The stock has a market cap of $6.02 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 1.16 and a beta of 1.54. The company has a quick ratio of 0.96, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

Timken (NYSE:TKR) last issued its quarterly earnings results on Monday, February 5th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.15. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. Timken had a return on equity of 19.57% and a net margin of 8.26%. The business’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted $1.22 EPS. On average, sell-side analysts predict that The Timken Company will post 6.02 EPS for the current year.

Timken Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Friday, February 16th. Timken’s payout ratio is 24.18%.

Timken Company Profile

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.